8867 Alcott Street, Los Angeles, CA 90035

$2,350,000 Approx. USD 0 beds, 0 baths

Agent Remarks

8867 Alcott Street is a prime development site situated one block south west of the intersection of Pico Robertson. The existing structure is a three-unit apartment building that is currently vacant but in rent-ready condition. Situated on a 7,292.3-square-foot corner lot zoned R3-1-0, the property is a prime development candidate for condominiums or high-end apartments. The current structure is also of high enough quality that it could be worthwhile to move the structure to another vacant lot. Per by-right density of one residential unit per 800 square feet of land, 9 units could be constructed at the property with no incentives. With incentives, upwards of 12 units could be constructed.Our projections are for a developer to construct nine high-end condominiums or apartments averaging 1,600 square feet. The units could either be sold individually for a profit or retained as an apartment building. Buyer to independently verify the ability to develop this property.

Listing Details

Property type: (Lots/Land)
Status: Active
MLS# 16-162294
List price is $2,350,000
Beds: 0
Baths: 0
County: Los Angeles
Zoning: LAR3
MLS area: Beverlywood Vicinity (C09)

Last Updated: 10/18/2016

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This listing belongs to the Beverlywood Vicinity (C09) MLS area

The listing is zoned LAR3.
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Lat/Long: 34.054310, -118.386154.
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Broker: Courtesy of Berkadia
Listing Agent: Brent Sprenkle

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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